Source: Adobe/piter2121 The High Court of the Hong Kong Special Administrative Region has ruled in favor of X-SPOT GLOBAL LIMITED in a trademark infringement case against Huobi Global Limited. The court issued an interim injunction, prohibiting Huobi Global Limited from using the “Huobi” trademark or any similar name or logo in Hong Kong during the…
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Source: iStock Crypto exchange HTX, formerly known as Huobi Global, said it “has now properly handled this attack,” and it will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22. In a Nov. 23 announcement on its official website, Huobi HTX responded to a recent security incident, pledging…
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Popular cryptocurrency exchange Huobi has experienced significant outflows of funds and a decline in its total value locked (TVL) amidst rumors of insolvency and Chinese investigations. Between August 5 and 6, Huobi saw outflows totaling $64 million, causing its TVL to drop to $2.5 billion, down from $3.09 billion on July 6, according to data from DefiLlama. … Read More:…
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Precocious billionaire tech and crypto entrepreneur Justin Sun just accused the brother founder of the world’s 13th largest cryptocurrency exchange by trading volumes Huobi of having illegally profited from HT token sales. HT is the native utility token of the Huobi exchange and its holders can receive substantial trading fee discounts…. Read More: Billionaire Justin…
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Binance has reportedly rejected an offer by crypto entrepreneur Justin Sun to purchase his stake in cryptocurrency exchange Huobi, citing ties to mainland China. The world’s largest cryptocurrency exchange turned down the alleged proposal due to rumors surrounding Huobi’s relationships with China, which used to be the platform’s main market, CoinDesk reported, citing a person familiar…
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Billionaire crypto entrepreneur Justin Sun has denied claims that he is considering divesting his stake in the global cryptocurrency exchange Huobi. “As much as I love a good April Fool’s Day prank, I must deny the report that Huobi Global is seeking a stake buyer,” the Tron Founder wrote on Twitter on April 1, adding…
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According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi Experiences Significant Withdrawals as Subsidiary Huobi Korea Looks to…
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Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during…
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Huobi claimed that calling the incident a white hat move was only pNetwork’s excuse to avoid legal sanctions. Disclaimer: This article is updated with pNetwork’s official response to Huobi. Days after GameFi project Gala Games and decentralized finance (DeFi) protocol pNetwork assured its community that everything was fine, crypto exchange Huobi Global came out with…
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Major crypto exchange Huobi Global has denied mass layoff claims and allegations that two of its top executives have resigned. In a tweet on October 29, prominent Chinese journalist Colin Wu claimed that the company’s CEO Leon Li and chief financial officer Chris Lee have resigned. Citing people familiar with the matter, he said the…
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